In a letter to its distributors and customers issued in March 2017 from its headquarters, Rotatek, the Barcelonabased manufacturer of label, security document and packaging presses, has written that it has been refinanced by a new industrial partner. We have reason to believe that the new industrial partner is a Spanish trading company but we have not been able to confirm this at the time of going to press. The letter is signed jointly by the new management team consisting of Joan Trenchs, chief executive officer, Miguel Castiella, president, and Bibiana Rodríguez, deputy managing director.
The letter states that the recapitalization of Rotatek will allow it to strengthen its international expansion and to continue to develop new products for the global market. The company also says that it will now be in a position to offer financing solutions to its customers to help them purchase Rotatek equipment. The company is also looking at healthy growth over the next two years.
Rotatek was founded in 1970 and has installed more than 1,700 presslines globally. Currently, it exports 95% of its production. Its Brava, Universal, Digitalis and Smartflex presses are well known and the company has several important installations in India executed over the past 15 years. Rotatek’s Indian distribution and service is looked after by Provin Technos, headquartered in New Delhi.